One of the Dangers of Remaining a Local Competitor Is

question 111

True/False

One of the dangers of remaining a local competitor is that more aggressive companies will use their global growth to capture economies of scale and learning.

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Definitions:

Lifestyles

The way in which a person or group lives, including patterns of social relations, consumption, entertainment, and dress.

Supply Side

Economic theory emphasizing the importance of policies that affect the production and supply in an economy, including investment in capital and labor efficiency.

Market Definition

Involves identifying the boundaries of a market both in terms of the product or service and the geographic area in which it competes.

Primary Industry

The sector of an economy involving the extraction and production of raw materials, such as farming, mining, and forestry.